Premarket Roundup: Insurers, Acorda Therapeutics
THE ASSOCIATED PRESS
Among the premarket stories for Thursday, Oct. 15, from AP Financial News:
¿ An improving financial outlook for property and casualty insurers means they may not be able to raise rates on customers and may have to drop prices, said Keefe Bruyette & Woods, downgrading shares of Travelers Cos. and two other insurers.
¿ Shares of Acorda Therapeutics Inc. skyrocketed in premarket trading Thursday after a Food and Drug Administration panel released a positive review of Acorda's drug candidate Fampridine-SR, increasing the chances the multiple sclerosis treatment will be approved for sale.¿ Shares of Host Hotels & Resorts Inc. dropped Thursday after a Baird analyst cut his rating on the lodging real estate investment trust, cautioning investors that a recovery in the hotel sector is further away than a recent rally in Host's shares suggests. ¿ Bill Barrett Corp. shares are positioned to grow, said an analyst Thursday as he upgraded the natural gas and oil producer's stock. ¿ Chicago Bridge & Iron Company NV, an energy-infrastructure construction company, will benefit from a natural gas project in Australia, could potentially increase its earnings on contract awards and its share value has room to grow, an analyst said Thursday. ¿ An analyst downgraded Granite Construction Inc. Thursday, saying the contractor and producer of construction materials could feel the impact of reduced spending on public works in the next six months to a year.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV